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Silver prices have shown a downward trend, moving away from the $27.62 level and indicating a potential continuation of the bearish trend on an intraday basis. The metal is currently within a bearish channel, with a key target of $26.12 in sight. The EMA50 indicator is applying downward pressure on prices, reinforcing the expectation of a continued bearish trend, provided the price remains below $27.62.
Today’s anticipated trading range is between $26.80 (support) and $27.60 (resistance).
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